May 15- Green Stocks Continue To Enjoy Investor Confidence

May 15- Green Stocks Continue To Enjoy Investor Confidence May 23- For a Change Market Plays Catch Up With Green Stocks

On a day when the broader market struggled to make a decisive move, green energy stocks in our basket had no such problems, with 9 out of 11 racing away yet again. While Waaree Renewable Technologies made its by now predictable return to a 5% upper circuit this time, after two days of lower circuits, KPI Green and Sterling and Wilson Renewable joined it today. All three are EPCs with healthy order book build up.

Larger developer and integrated firms like Adani Green, tata Power also had a strong day, moving up by over 2% in the former’s case. JSW Energy and Inox Wind were the only ones that bucked the trend and stayed in the red but continue to enjoy a healthy valuation bump from their green credentials. Bot Borosil Renewables and Shakti Pumps, benefiting from the solar glass and solar pump business respectively, enjoyed a strong upmove as well at over 3% each.

Company name

Closing Price On May 14

Closing Price on May 15

Change %

Borosil Renewables Ltd 488.50 506.55 +3.69%
Waaree Renewable Technologies Ltd 2314.05 2429.75 +5.00%
Sterling and Wilson Renewable Energy Ltd 723.85 760.00 +4.99%
KPI Green Energy Ltd 1879.65 1973.60 +5.00%
Shakti Pumps (INDIA) LTD 2386.90 2462.00 +3.15%
TATA POWER CO.LTD. 430.30 431.25 +0.22%
JSW Energy Ltd 600.10 599.35 -0.12%
SUZLON ENERGY LTD 40.19 42.19 +4.98%
Adani Green 1789.50 1834.60 +2.52%
Inox Wind Energy 6898.45 6600.00 -4.33%
SJVN 130.45 129.35 -0.84%

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